MakerDAO founder: Launch NewGovToken activation function
Odaily2024/07/17 03:49
By:Odaily
Odaily News Rune Christensen, founder of MakerDAO, posted on the X platform that MakerDAO has launched the NewGovToken activation function. When the Spark sub-DAO is launched, NewGovToken holders will be able to activate their NewGovToken to receive SPK rewards. NewGovToken activators will receive 15% of all SPK token rewards. NewGovToken can be obtained by MKR at a ratio of 1:24,000 and will be launched after Endgame is launched. There is no lock-up period or additional risk for activating NewGovToken, and it can be deactivated instantly at any time. Other rewards can also be selected in the future, including stablecoin rewards and 15% token rewards for all other launched sub-DAOs. The purpose of NewGovToken activation is to incentivize long-term participation in governance-in the future, delegation can be made while activating NewGovToken.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
'Pixelmon' to Launch 'Warden's Ascent' RPG and Idle Mobile Games on Avalanche—Here’s Why
CryptoNewsNet•2025/05/14 15:00
Anthropic Accused of Citing AI ‘Hallucination’ in Song Lyrics Lawsuit
CryptoNewsNet•2025/05/14 15:00
JPMorgan’s Kinexys Connects With Public Blockchain on Ondo Chain Testnet Debut
CryptoNewsNet•2025/05/14 15:00
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$103,329.05
-0.36%

Ethereum
ETH
$2,584.32
+1.16%

XRP
XRP
$2.57
+1.12%

Tether USDt
USDT
$1
+0.01%

BNB
BNB
$654.13
-0.14%

Solana
SOL
$177.1
+1.53%

USDC
USDC
$0.9999
-0.02%

Dogecoin
DOGE
$0.2330
+1.63%

Cardano
ADA
$0.8060
+0.60%

TRON
TRX
$0.2765
+3.33%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now